Detroit bankruptcy unlikely to harm automakers

9:39 PM,
Jul. 18, 2013

Detroit's big three automakers don't figure to be affected by the city's bankruptcy.

Written by

James R. Healey, Fred Meier and Chris Woodyard

The city of Detroit's bankruptcy filing apparently won't affect the Detroit Three automakers who, along with Motown soul music, made the city famous and at one time, prosperous.

General Motors, the biggest Detroit automaker, the only one with its headquarters literally in Detroit, and a company not that far removed from the sting of its own bankruptcy filing in 2009, says, "We do not anticipate any impact to our daily operations or business outlook" from the city's insolvency.

Republican Gov. Rick Snyder of Michigan on Thursday authorized the city, more than $18 billion in debt, to seek ...